IMF Explains Iraq's Exchange Rate Arrangement

My FX Buddies · Jul 17, 2025 · 28m

IMF Explains Iraq's Exchange Rate Arrangement

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"Effective February 8, 2023, the official exchange rate was set at ID 1,320 according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq).

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"There has been a change to Iraq's exchange system since the last Article IV Consultation. Iraq continues to avail itself of the…